Globally, the overall level and rate of growth of merchandise exports exceed those of commercial services.

A market is confined to all firms and individuals willing and able to buy or sell a particular product at a given time and place.

Answer the following statement(s) true (T) or false (F)

The flexible-budget variance for direct cost inputs can be further subdivided into a ________

A) static-budget variance and a sales-volume variance B) sales-volume variance and an efficiency variance C) price variance and an efficiency variance D) static-budget variance and a price variance